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Europe and China…an agreement soon on electric car fees

Europe and China…an agreement soon on electric car fees

Lange added, without going into details: “We are close to reaching an agreement. China You may commit to selling Electric cars In the European Union at a minimum price.

He added: “This would eliminate the imbalance of competition through unfair subsidies, which is the reason that prompted these tariffs to be imposed in the first place.”

Last month, the European Union decided to increase customs duties on electric cars manufactured in China to up to 45.3 percent as part of its most important trade investigations, a step that caused a division within Europe It sparked retaliation from Beijing.

The bloc imposed the customs duties, which took effect on October 30, to counter what it says is unfair support that includes preferential financing and grants in addition to land, batteries and raw materials at below market prices.

Despite the entry into force of the tariffs, the two sides continued negotiations to find a solution, which raised hopes primarily among German automakers that a trade dispute could be avoided, given that they rely heavily on the Chinese market.

The Chinese Chamber of Commerce said European Union At the time she was very disappointed by the “protectionist” and “arbitrary” measure taken by the European Union.



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